Singapore's GeTS Stepping Up as Key Player to Strengthen China-ASEAN Trade

GeTS to sign collaboration agreement with China-ASEAN Information Harbor Co. (CAIH) on Open
Trade Blockchain (OTB) to make cross-border compliance services more secure

GeTS and CAIH conducting pilot runs with logistics
players for cross-border Customs connectivity service that further facilitate
trade between China and ASEAN through the Southern d Transport Corridor (STC)

SINGAPORE / NANNING, CHINA - Media
OutReach - 12 September 2018 - During the 15th China-ASEAN EXPO (CAEXPO in Nanning, Guangxi, China),
GeTS will be signing a collaboration agreement with China-ASEAN Information
Harbor Co. (CAIH) to work together to implement Open Trade Blockchain (OTB), an
inclusive and extensible blockchain service built for
the trade communities to boost overall efficiency, security and transparency
for global trade.

GeTS' OTB is also the world's first cross-border blockchain for trade
linking ASEAN and China's Digital Silk Road.It enhances the security of trade related documents,
from Certificate of Origin to commercial invoices, and improves the
transparency and trust between shippers, freight-forwarders and customers.OTB is part of GeTS' CALISTA platform that helps businesses orchestrate
physical logistics, compliance and financing requirements of cross-border trade
in an accessible, predictable and easy manner.

Mr. Eugene Wong, Chairman of CrimsonLogic and GeTS said: "The Belt and
Road Initiative (BRI) through the Southern Transport Corridor (STC) will
increasingly become an important trade and logistics hub for China to connect
with ASEAN.We are aligned with BRI as
GeTS continues to focus on growing our services for businesses in China and the
ASEAN region.We are perfectly placed to
solidify Singapore's position as an influential player in the regional and
global trading ecosystem, and remain committed in our mission to power
cross-border trade globally."

Following the
partnership announcement by GeTS with CAIH to collaborate on an international
trade module earlier this year, the service is currently undergoing testing
with pilot users.

Mr. Lu Dongliang,Chairman of CAIH said: "This
pilot is an important milestone not only for CAIH, but also serves as a
catalyst to accelerate trade in the South Transport Corridor. With a
global logistics player that now has a direct connectivity between the two
major trading hubs of Singapore and Guangxi, it will encourage other players to
come on board through this Guangxi gateway to access other parts of China."

GeTS is currently conducting more than 13.5 million transactions and
recorded a Gross Merchandised Value (GMV) of more than $400 billion for the
first half of 2018.The company has
linked up to 24 Customs nodes across the world, with more than
175,000 connected parties, continuing to improve time savings
by 60% and increase productivity by 1.5 times to make trade
easier, more predictable and accessible.

Mr. Chong Kok Keong,
Chief Executive Officer of GeTS and Assistant CEO of CrimsonLogic said: "We are
pleased to play a role in linking China to the rest of ASEAN and the world
through the CALISTA Platform developed by GeTS.This collaboration with CAIH on Blockchain technology will further
strengthen the security and integrity of the trade and supply chain activities,
positively transforming cross-border trade between ASEAN and China, especially along the STC."

About CrimsonLogic

CrimsonLogic is a
partner to governments and businesses globally.For more than 30 years, the Group has partnered customers to innovate
sustainable world-class solutions, products and services in Trade, Legal and
Digital Government, enabling transformation that positively impact lives and
communities.